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Author Topic: How can i pass on my bitcoins in case i die?  (Read 6322 times)
Senor.Bla
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August 16, 2016, 06:16:02 PM
 #1

what can i do to make sure, that after my death my loved ones can inherit my bitcoin?
and only after my death and not before. so giving them my privatkey now is not an option.

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August 16, 2016, 06:17:53 PM
 #2

Make a will with clues on how to obtain instructions to uncover the private keys. Leave instructions teaching how to spend them and/or pointing to them... I guess that's pretty much it.
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August 16, 2016, 06:29:28 PM
 #3

Rent a deposit box in your bank and in will of bank write name of your loved one so that he can claim all money you have in your bank and also deposit box there in which you can put bitcoin paper wallet as well as instructions on how to get that bitcoin in form of cash in hand because many are still new on using bitcoin.

 
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August 16, 2016, 06:35:06 PM
 #4

Better to give those passwords of your wallet to your family first before you die. . or always give those gift and make a note to your table one you die they can read the note for your bitcoins to use from your inherit after you die..

Bitcoin will become stable soon and altcoin will keep increasing this coming months.
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August 16, 2016, 06:35:12 PM
 #5

Well, if your loved ones are not very tech-savvy then I would just safely print your private keys and put them on a safe place like a trezor or a lock box. You can put it to an other place which only they could know and give them a hint in your last will. And more important, but a tutorial to the keys about how to access the Bitcoins by importing it to a wallet client.
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August 16, 2016, 06:37:50 PM
 #6

i am not a big fan of being dependent on banks, so i would prefer a method without the involvement of a bank.
also i do not want to put it in plain in my will, but making clues and hoping they will guess it right is kind of not what i am looking for.
i am sure there is a cool and easy solution to this problem.

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August 16, 2016, 06:43:05 PM
 #7

what can i do to make sure, that after my death my loved ones can inherit my bitcoin?
and only after my death and not before. so giving them my privatkey now is not an option.

i think just give them your private keys and then show them how to use it and when you will die they will be able to use those bitcoins

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August 16, 2016, 06:51:29 PM
 #8

I think better to inform them earlier so that they know about it because if they are not know about that your bitcoin will be die too in that wallet..



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August 16, 2016, 07:19:33 PM
 #9

you can appoint a trustee, and give him half of key and other half give your loved ones.
Or better way, buy a safe and lock down your private keys there, and use safe key as a necklace. so they can open the safe only when you die! 

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August 17, 2016, 12:54:48 AM
 #10

Rent a deposit box in your bank and in will of bank write name of your loved one so that he can claim all money you have in your bank and also deposit box there in which you can put bitcoin paper wallet as well as instructions on how to get that bitcoin in form of cash in hand because many are still new on using bitcoin.

Better to give those passwords of your wallet to your family first before you die. . or always give those gift and make a note to your table one you die they can read the note for your bitcoins to use from your inherit after you die..

i think just give them your private keys and then show them how to use it and when you will die they will be able to use those bitcoins

All of these require trust...

Or better way, buy a safe and lock down your private keys there, and use safe key as a necklace. so they can open the safe only when you die! 

This isn't a bad idea, indeed Smiley
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August 17, 2016, 01:11:46 AM
 #11

Well, if your loved ones are not very tech-savvy then I would just safely print your private keys and put them on a safe place like a trezor or a lock box. You can put it to an other place which only they could know and give them a hint in your last will. And more important, but a tutorial to the keys about how to access the Bitcoins by importing it to a wallet client.
Yeah, this is exactly what I was thinking.  OP, make up a will, that's like the first step.  I've been thinking of much the same thing lately, not just for the little bitcoin I own, but stocks and everything else.  It's definitely a good thing to do, whatever your age is.  You never know when you're going to get hit by a truck and served up as road pizza, and then your relatives have to duke it out in probate court and whatnot.  It could get ugly.

I think wills only cost a few hundred dollars to be drawn up.  It's not a bad deal.

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August 17, 2016, 10:16:51 AM
 #12

Your bitcoins are actually your private key/s. Now how do you decide to share that with your loved ones is upto you. You can share that before your death or after death, you can share the paper keys (keys printed on a paper) - for generating paper keys go to bitcoinaddress.org, generate paper wallet and take a print of that. Send your bitcoin to the public key/ bitcoin address given in the wallet and share the private key with your loved ones.
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August 17, 2016, 02:34:19 PM
 #13

If he does that, his family will be aware of his funds and they will spend it.

Anyone with your private key can spend your coins.
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August 17, 2016, 05:13:18 PM
 #14

If he does that, his family will be aware of his funds and they will spend it.

Anyone with your private key can spend your coins.

This is my point exactly! I will not give them my private key as long as i am alive. i do trust them and it is not much (so far), but this is out of the question.
I also do not want to write the key plainly in the will. You can call me crazy, but things happen and i do not think this is a safe way to handle this situation.

I am sure there are some smart people out here who have the perfect answer to my question.

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August 17, 2016, 05:16:33 PM
 #15

If he does that, his family will be aware of his funds and they will spend it.

Anyone with your private key can spend your coins.

This is my point exactly! I will not give them my private key as long as i am alive. i do trust them and it is not much (so far), but this is out of the question.
I also do not want to write the key plainly in the will. You can call me crazy, but things happen and i do not think this is a safe way to handle this situation.

I am sure there are some smart people out here who have the perfect answer to my question.

You can set up a server that requires an email sent to it every month before it will email your family members with instructions and the private key.

Possibly could make it a smart contract maybe?
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August 17, 2016, 05:21:02 PM
 #16

You could talk to a good probate attorney and set up a will. Put your bitcoin in a hardware wallet like Trezor and give the seed to the attorney for secure storage, along with instructions on how to recover the seed to a new Trezor in case of death. The seed itself would not be in the will but held separately by the attorney in trust. No attorney I have ever worked with would risk disbarment and jail time by stealing your funds.

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August 17, 2016, 07:04:53 PM
 #17

what can i do to make sure, that after my death my loved ones can inherit my bitcoin?
and only after my death and not before. so giving them my privatkey now is not an option.

I haven't thought about this situation but I would probably write down the account details for the web wallet, the 2FA how it works and how to use it, the hardware wallet how to a video in my HDD or hosted on google drive, and if it is a paper wallet just the private key. If they could not know even after this explanation I would suggest them to ask a friend or someone who knows to use bitcoin.
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August 17, 2016, 08:03:11 PM
 #18

You can set up a server that requires an email sent to it every month before it will email your family members with instructions and the private key.
Possibly could make it a smart contract maybe?

Pity that you don't like my previously suggestions)
You can make easy. Right down an e-mail with everything and put timer 1 week (1 month .etc) on it. And if you are dont die in this 1 week (......) you just put a new date of sending.      

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August 17, 2016, 08:27:45 PM
 #19

what can i do to make sure, that after my death my loved ones can inherit my bitcoin?
and only after my death and not before. so giving them my privatkey now is not an option.

I haven't thought about this situation but I would probably write down the account details for the web wallet, the 2FA how it works and how to use it, the hardware wallet how to a video in my HDD or hosted on google drive, and if it is a paper wallet just the private key. If they could not know even after this explanation I would suggest them to ask a friend or someone who knows to use bitcoin.

I do not want to give them to many instructions on how to use the bitcoin or my private key. if they can not figure this out on their own, then they do not deserve the bitcoin.
also i am not using a web wallet for this.

You can set up a server that requires an email sent to it every month before it will email your family members with instructions and the private key.
Possibly could make it a smart contract maybe?

Pity that you don't like my previously suggestions)
You can make easy. Right down an e-mail with everything and put timer 1 week (1 month .etc) on it. And if you are dont die in this 1 week (......) you just put a new date of sending.     

the safe and key necklace is one of the better choices but i prefer e-mail or smart contract one so far.
the problem i see with a will and the attorney as a trusty is that i still want to use the bitcoins and so my private key changes from time to time and i would need to adjust my will.
no attorney will want to change it almost daily for free and i will not pay for every change.   

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August 18, 2016, 01:22:32 AM
 #20

It is consider wealth so their must be a way to create a will regarding how the ones you are leaving it too can obtain them once you pass on.
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